<div id="readability-page-1"><p>Sumitomo Mitsui Trust Group Inc. lessened its stake in  Otis Worldwide Corporation (NYSE:OTIS - Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 913,750 shares of the company's stock after selling 22,843 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Otis Worldwide worth $83,544,000 at the end of the most recent reporting period.</p><ul><li>Why Otis Worldwide Stock Keeps Going Up</li></ul><p>Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OTIS. Chilton Capital Management LLC bought a new stake in shares of  Otis Worldwide in the 2nd quarter worth approximately $31,000.  Nemes Rush Group LLC increased its position in shares of  Otis Worldwide by 75.4% during the second quarter. Nemes Rush Group LLC now owns 314 shares of the company's stock valued at $31,000 after purchasing an additional 135 shares during the period.  MTM Investment Management LLC acquired a new position in shares of  Otis Worldwide in the second quarter valued at $40,000.  Toth Financial Advisory Corp bought a new position in  Otis Worldwide in the second quarter worth $45,000.  Finally, Quaker Wealth Management LLC lifted its position in  Otis Worldwide by 199.6% in the second quarter. Quaker Wealth Management LLC now owns 505 shares of the company's stock worth $50,000 after purchasing an additional 1,012 shares during the period. 88.03% of the stock is currently owned by institutional investors. </p><div><p><span></span><span>Get <strong>Otis Worldwide</strong> alerts:</span></p></div><h2>Insider Buying and Selling at Otis Worldwide</h2><p>In other news, CAO Michael Patrick Ryan sold 3,028 shares of Otis Worldwide stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $91.69, for a total transaction of $277,637.32. Following the transaction, the chief accounting officer directly owned 2,628 shares of the company's stock, valued at $240,961.32. This trade represents a 53.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by corporate insiders. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>Why Investors Can Ride Otis Worldwide Stock for a Long Time</li></ul><p>Several equities research analysts have issued reports on the stock. Wolfe Research  set a $109.00 price target on shares of Otis Worldwide and gave the company an &#34;outperform&#34; rating in a report on Wednesday, October 8th. Barclays upped their target price on shares of Otis Worldwide from $90.00 to $92.00 and gave the company an &#34;underweight&#34; rating in a research note on Thursday, October 30th. Zacks Research raised shares of Otis Worldwide from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research report on Tuesday, October 14th. JPMorgan Chase &amp; Co. lifted their price objective on Otis Worldwide from $105.00 to $111.00 and gave the company an &#34;overweight&#34; rating in a report on Wednesday, October 15th. Finally, Weiss Ratings  reiterated a &#34;hold (c)&#34; rating on shares of Otis Worldwide in a research note on Monday, December 29th. One research analyst  has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued  a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock  has an average rating of &#34;Hold&#34; and a consensus target price of $103.50.</p><p><b>Check Out Our Latest Report on Otis Worldwide</b></p><h2>Otis Worldwide Stock Up 0.2%</h2><p>NYSE:OTIS opened at $89.93 on Thursday. The firm has a market cap of $35.05 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.02. Otis Worldwide Corporation has a 12 month low of $84.25 and a 12 month high of $106.83. The company's 50-day moving average price is $88.37 and its two-hundred day moving average price is $90.13. </p><p>Otis Worldwide (NYSE:OTIS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.05. Otis Worldwide had a net margin of 9.41% and a negative return on equity of 30.67%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter last year, the business posted $0.96 earnings per share. The company's revenue was up 4.0% on a year-over-year basis. Otis Worldwide has set its FY 2025 guidance at 4.040-4.080 EPS.  On average, research analysts expect that  Otis Worldwide Corporation will post 4.04 EPS for the current fiscal year. </p><h2>Otis Worldwide Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 14th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.68 annualized dividend and a yield of 1.9%. Otis Worldwide's dividend payout ratio  is presently 49.56%. </p><h2>Otis Worldwide Profile</h2> (Free Report)<p>Otis Worldwide Corporation is a manufacturer, installer and servicer of vertical transportation systems, including elevators, escalators and moving walkways. The company designs and supplies new equipment for commercial, residential and industrial buildings, and provides ongoing maintenance and repair services aimed at maximizing equipment availability and safety. Otis also offers modernization solutions to upgrade aging systems and improve performance, accessibility and energy efficiency.  </p><p>In addition to new equipment sales, a significant portion of Otis's business derives from long-term service contracts and responsive maintenance work.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Otis Worldwide</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>A U.S. “birthright” claim worth trillions - activated quietly</li><li>Executive Order 14330: Trump’s Biggest Yet</li><li>If You Keep Cash In A U.S. Bank Account… Read This NOW</li></ul><p><strong>Want to see what other hedge funds are holding OTIS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Otis Worldwide Corporation (NYSE:OTIS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9USVM"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Otis Worldwide Right Now?</h2><p>Before you consider Otis Worldwide, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Otis Worldwide wasn't on the list.</p><p>While Otis Worldwide currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

OTIS

<p>Sumitomo Mitsui Trust Group Inc. reduced its stake in Otis Worldwide Corporation by 2.4% in Q3, owning 913,750 shares valued at $83.54 million. Other institutional investors have also adjusted their positions. Recent insider trading saw CAO Michael Patrick Ryan sell 3,028 shares. Analysts have mixed ratings on Otis, with a consensus target price of $103.50. The stock opened at $89.93, with a market cap of $35.05 billion and reported earnings of $1.05 per share, exceeding estimates. Otis expects FY 2025 EPS guidance of 4.040-4.080.</p>

Sumitomo Mitsui Trust Group Inc. Has $83.54 Million Position in Otis Worldwide Corporation $OTIS